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we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be willing to give up. "americans would be willing to give up the tax deduction for charitable giving over other popular tax breaks." host: let's take a look at the results of this poll. 25% said that they would be willing to give up the charitable giving tax deduction. almost the same amount said it would be willing to give up their deduction for state taxes. 19% said they would be willing to give up host: we would like to hear what deduction you would give up. you can weigh in on our facebook page, there's a poll set up where you can tell us specifically which interests you the most, or perhaps wh
we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be...
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cliff. the avalanche is different. the only thing you know about avalanches, you know when the conditions are present. you know when the snowpack has built up to the point where it could happen. you do not know when it is going to happen, you just know it is coming. once it hits you, the avalanche becomes completely impossible to control. do you agree with this characterization about the avalanche? could you elaborate about that kind of threat? >> would you mind if i steal that from you? i will give you credit. i think it is right. i do think -- that is why what you're doing now is so important. this is a once in a generation opportunity for you to nail these things down. we're not that far apart. i really do not think we are. if you are able to put us on a credible path to fiscal sustainability, do it in a balanced way, i think we are golden. i think we will avoid that avalanche. if we do not do that, ultimately, it means we will never do it until we're forced by that avalanche. >> how soon
cliff. the avalanche is different. the only thing you know about avalanches, you know when the conditions are present. you know when the snowpack has built up to the point where it could happen. you do not know when it is going to happen, you just know it is coming. once it hits you, the avalanche becomes completely impossible to control. do you agree with this characterization about the avalanche? could you elaborate about that kind of threat? >> would you mind if i steal that from you?...
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Dec 5, 2012
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. >> and tomorrow morning's "washington journal", peter welch, on the latest development of the fiscal cliff negotiation. after that, joe shaw looks at the estate tax, which is set to go up the end of the year plus, your e-mails, phone calls, and tweets. "washington journal" is live at 7:00 a.m. eastern on c-span. now come in a discussion of how the military and national security might be a affected by spending cuts at the first of the year. part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterson. i would like to give you a review of why we are supporting this project today. starting about 30 years ago, after studying the profound demographic trends, on the vast and unfunded promise we have made. i have decided was not unsustainable, but a primary threat to the future. speaking of unsustainable, in the nixon white house in which i served, the chairman of the council, if something is unsustainable, he says it co
. >> and tomorrow morning's "washington journal", peter welch, on the latest development of the fiscal cliff negotiation. after that, joe shaw looks at the estate tax, which is set to go up the end of the year plus, your e-mails, phone calls, and tweets. "washington journal" is live at 7:00 a.m. eastern on c-span. now come in a discussion of how the military and national security might be a affected by spending cuts at the first of the year. part of the so-called...
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$800 billion in tax revenue in the fiscal cliff negotiations. president obama has said there will be no deal unless taxes are raised on the wealthiest americ americans. but staunch conservatives don't want any kind of new taxes. that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to get his attention. so, he just won an election. he is feeling very good about himself. he is posturing brilliantly, putting the republicans in a corner. they need to relax. they don't have an election until november 2014. >> senior congressional correspondent dana bash joins me now. dana, can we expect fire woworkt the meeting this morni
$800 billion in tax revenue in the fiscal cliff negotiations. president obama has said there will be no deal unless taxes are raised on the wealthiest americ americans. but staunch conservatives don't want any kind of new taxes. that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up...
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Dec 6, 2012
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we still have no fiscal cliff deal, but there's talk between president obama and tim geithner. congress has adjourned for a long weekend. that's kind of insane. eamon javers joins us. >> reporter: the president began his day this morning before an audience of business leaders and he continued his campaign of persuasion amongst some of the nation's top ceos. >> i am passionately rooting for your success. because if the companies in this room are doing well, then small businesses and medium sized businesses up and down the chain are doing well. if companies in this room are doing well, then folks get jobs, consumers get confidence, and we're going to be able to compete around the world. >> and then larry, later in the afternoon, our steve leishman sat down with treasury secretary tim geithner. geithner in that interview late in the afternoon made it clear that this is brinksmanship of the highest order. >> i want to understand the administration's position when it comes to raising taxes on the wealthy. those making more than $250,000. if republicans do not agree to that, is the a
we still have no fiscal cliff deal, but there's talk between president obama and tim geithner. congress has adjourned for a long weekend. that's kind of insane. eamon javers joins us. >> reporter: the president began his day this morning before an audience of business leaders and he continued his campaign of persuasion amongst some of the nation's top ceos. >> i am passionately rooting for your success. because if the companies in this room are doing well, then small businesses and...
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this morning part of our week-long and couple of weeks' long conversation on the fiscal cliff, a focus this morning on the expiring tax provisions. host: today we're looking at the issue of tax extenders or tax incentives for business and individuals. and joining us in this discussion is sam goldfarb, who is a tax writer for c.q. roll call. what are tax extenders? >> well, they're temporary tax breaks. that's basically i think the most basic definition and some people are kind of concerned that the entire tax code is turning into one big tax extendser. so where do you really define it? but i think traditionally they're considered to be these pretty small provisions, narrowly targeted at specific types of businesses. some of them do apply to individuals as well. >> so why are they temporary? >> that's a good question. i think a lot of people, including people in congress, say either they should be made permanent or they should be eliminated altogether. but they're temporary because it's easier to pass that way. it looks like it costs less. usually they keep on being ex tended and extend
this morning part of our week-long and couple of weeks' long conversation on the fiscal cliff, a focus this morning on the expiring tax provisions. host: today we're looking at the issue of tax extenders or tax incentives for business and individuals. and joining us in this discussion is sam goldfarb, who is a tax writer for c.q. roll call. what are tax extenders? >> well, they're temporary tax breaks. that's basically i think the most basic definition and some people are kind of...
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a lot of columns this morning talking about this issue, the ongoing fiscal cliff negotiations. here is "the washington post." we are taking your thoughts on the issue. but gutted the independent line. welcome to the "washington journal." caller: i agree also with a caller on the democrat line. i agree with what he was referring to -- c-span changing a with bias. the issues, they did not talk about it. the ones who are behind it are the political parties. the industrial military complex host: if the country does off of the fiscal cliff, who do you think it's more of the blame on this? it is the president of the united states or congress? caller: the people are being brainwashed to not speak up and get together like an tahrir square and rise up and say, we have to do it with this. we have to do away with destroying the country. we have to do away with $1 billion to a number of countries including israel. host: all right. we want to point out this from "usa today," in there opinion page. we are taking your calls for the next half hour or so on this segment. i want to point out a p
a lot of columns this morning talking about this issue, the ongoing fiscal cliff negotiations. here is "the washington post." we are taking your thoughts on the issue. but gutted the independent line. welcome to the "washington journal." caller: i agree also with a caller on the democrat line. i agree with what he was referring to -- c-span changing a with bias. the issues, they did not talk about it. the ones who are behind it are the political parties. the industrial...
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Dec 11, 2012
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negotiations continue on the fiscal cliff. this morning, negotiations and how they were going. host: let's begin with what is business forward? guest: it is an organization with a very simple mission. our job is to try to make it easier for business leaders are around the country to speak out on issues of public policy. host: is this a brand-new organization? guest: we have been around for about three and a half years. our target market our business leaders around the country. we try to get them more involved in the policy-making process. we bring administration officials, members of congress out to cities across the country to do briefings with business leaders and then we bring those business leaders to washington to tell them how to grow jobs and how to recover. what do the business leaders say to the president? guest: we have brought 50 plus different groups to the white house to talk to the president's economic advisers. we have brought about 370 business leaders representing 32 different states. the message they are giving is pretty consistent with simpson- bowles and how
negotiations continue on the fiscal cliff. this morning, negotiations and how they were going. host: let's begin with what is business forward? guest: it is an organization with a very simple mission. our job is to try to make it easier for business leaders are around the country to speak out on issues of public policy. host: is this a brand-new organization? guest: we have been around for about three and a half years. our target market our business leaders around the country. we try to get...
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president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless but guess what, not homeless. city officials say jeffrey hillman does have stable housing, an parm in the bronx. they say he's lived there rent-free for the past three years. but hillman regularly panhandles in times square. >> a former boy scout who says he was sexually abused is suing is the boy scouts of america. the lawsuit claims his former troop leader, thomas hacker was barred from the group in indiana in the 1970s but was able to rejoin as a volunteer in illinois in the 1980s. hacker was arrested in 1988, later convicted in the aggravated sexual assault of an
president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless...
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. >> caller: i'm a little offtoppic from the fiscal cliff but i think i can bring us back. >> stephanie: all right. >> caller: there was a shooting on an indian reservation a couple of days ago. five people were left dead. a shooting was -- has happened in oregon. the media keeps hyping up the fiscal cliff and they actually had a report on cnn where they were showing this woman blathering about how she's going to lose her unemployment and everything and i feel like there seems to be a tie-in between the economy, what's going on and this constant rampage. i'm wondering what at point is our government going to speak about it. i'm not one to condone removing all guns. we need to have a conversation. >> stephanie: also, i think everybody's going a little crazy around the holidays. i think there are a lot of factors right now. everybody i know is -- we're having mutual bitch session all day on the phone. 17 minutes after the hour. kids, i don't know what we would do without carbonite here at the "the stephanie miller show." t-bone has all of our contacts, guest names and numbers in his compu
. >> caller: i'm a little offtoppic from the fiscal cliff but i think i can bring us back. >> stephanie: all right. >> caller: there was a shooting on an indian reservation a couple of days ago. five people were left dead. a shooting was -- has happened in oregon. the media keeps hyping up the fiscal cliff and they actually had a report on cnn where they were showing this woman blathering about how she's going to lose her unemployment and everything and i feel like there seems...
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you know, as we're approaching this fiscal cliff thing obviously everybody's talking about oh we've gotta cut the entitlements like medicare. you've been pointing out something for awhile that we don't have a medicare problem. we have a healthcare cost problem. explain please, healthcare geek. >> this is one of the things people should really pay attention to because the healthcare crisis in this country gets so complicate and convoluted that people tune it out and then the republicans have this incredible opportunity to swoop in and make stuff up. we don't have a medicare problem. we have a healthcare cost problem. there is no competition in the healthcare market place right now. >> stephanie: right. >> okay. and people make money in the healthcare industry when prices go up. >> right. >> corporations make money when prices go up. we're talking about medical device manufacturers, drug companies, health insurance companies, they all make money the higher the prices are. they have no incentive to work for the public good. their incent sieve to make money for shareholders. higher prices in
you know, as we're approaching this fiscal cliff thing obviously everybody's talking about oh we've gotta cut the entitlements like medicare. you've been pointing out something for awhile that we don't have a medicare problem. we have a healthcare cost problem. explain please, healthcare geek. >> this is one of the things people should really pay attention to because the healthcare crisis in this country gets so complicate and convoluted that people tune it out and then the republicans...
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fiscal cliff counteroffer. he says that republicans can't negotiate with themselves however the president has been very clear very publicly that the g.o.p. plan is definitely a no-go as is. crossroads gps part of the karl rove funded group of campaign super pacs is spending half a million dollars on a new ad campaign to push for a fiscal cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose some $600 billion in healthcare and spending cuts. finally, secretary of state ken says he will investigate the state's voting problems. the republican in florida told the state ethics and elections committee he will dispatch a special team to investigate the five florida counties that had especially-long lines. right after it he defended florida's voting mess saying he had no regrets. wewewewewewewewewewewewewewewewewewewewewewewewewewewewewewe on to me now? you know the the kind of guys that do reverse mortgage commercials? those t
fiscal cliff counteroffer. he says that republicans can't negotiate with themselves however the president has been very clear very publicly that the g.o.p. plan is definitely a no-go as is. crossroads gps part of the karl rove funded group of campaign super pacs is spending half a million dollars on a new ad campaign to push for a fiscal cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose...
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fiscal cliff. president obama and house speaker john boehner met behind closed doors sunday. it was their first face-to-face meeting since november 6, the election day, and now it look like some republicans may be breaking ranks. susan mcginnis is in washington with the latest. hi, susan. good morning to you. >> hi. many on capitol hill are encouraged by the weekend talks, but to get a deal done on time, apparently action this week is said to be critical. and now we have the president heading out on the road again. president obama leaves d.c. today, headed to michigan to talk to auto workers, part of his strategy to generate public support for his plan to avoid the fiscal cliff, the tax hikes and spending cuts due to kick in at year end. the president and house speaker john boehner met one on one at the white house on sunday. while no details were leaked, a rarity for washington, we do know the main sticking points remain. raising taxes on high earners and making cuts to entitlement programs like m
fiscal cliff. president obama and house speaker john boehner met behind closed doors sunday. it was their first face-to-face meeting since november 6, the election day, and now it look like some republicans may be breaking ranks. susan mcginnis is in washington with the latest. hi, susan. good morning to you. >> hi. many on capitol hill are encouraged by the weekend talks, but to get a deal done on time, apparently action this week is said to be critical. and now we have the president...
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the question for you this morning, are you prepared if the nation goes off the fiscal cliff? it's the ultimate game of chicken. who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we take a dive off that cliff? even though president obama and john boehner chatted on the phone, there's still no deal. republicans are not amused. >> incredibly, many top democrats, including the president, seem perfectly happy. perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two side also come up with a deal. they've moved on already to plan b. th
the question for you this morning, are you prepared if the nation goes off the fiscal cliff? it's the ultimate game of chicken. who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for...
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cliff this morning. here's an article from "washington times" -- now this is from "politico." a situation that was in the paper couple weeks ago. looks li finally, before we go to phone calls, this article from the daily caller -- again, that is reported in the daily caller. we begin with a call from diane in julian, california, on our democratic line. caller: good morning, peter. my prediction came true, reelecting a president. women against violence acts, being held up by the house. john boehner and the republican house majority leader eric cantor. i tweeted last night quiet late saying the republicans are going to gang up on john boehner. there is an article in the new york times showing they feel he is dragging his feet and waiting until january 3. i also understand that the chairman of the government oversight and reform committee darrell issa, which is from our district here, is holding up the vote on the women against violence act also, which involves the illegals, native americans, and lgbt. this
cliff this morning. here's an article from "washington times" -- now this is from "politico." a situation that was in the paper couple weeks ago. looks li finally, before we go to phone calls, this article from the daily caller -- again, that is reported in the daily caller. we begin with a call from diane in julian, california, on our democratic line. caller: good morning, peter. my prediction came true, reelecting a president. women against violence acts, being held up by...
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when it comes to the fiscal cliff, the white house has wasted another week. eight days ago, secretary brightener came here to offer a geithner pena to offer a plan. four days ago, we offered a proposal based on testimony of president clinton gaming former chief of staff. there has been a counter offer from the white house. reports indicate that the president has adopted a deliberate strategy to slow walk our economy to the edge of the fiscal cliff. instead of reforming the tax code, the president wants to raise tax rates. if the president get the tax hikes he wanted, we would continue to see trillion-dollar deficits for as far as the eye can see. washington has a spinning not a revenue problem. if the president does not agree with our proposal, he is obligated to offer a plan of his own, a plan that can pass both chambers of the congress. we are ready to talk to the president about a plan. >> you spoke with the president earlier this week. did he have any counter often? fer? he is making it clear that there have to be increases for the wealthy. are you willin
when it comes to the fiscal cliff, the white house has wasted another week. eight days ago, secretary brightener came here to offer a geithner pena to offer a plan. four days ago, we offered a proposal based on testimony of president clinton gaming former chief of staff. there has been a counter offer from the white house. reports indicate that the president has adopted a deliberate strategy to slow walk our economy to the edge of the fiscal cliff. instead of reforming the tax code, the...
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coming up at 10:00 on "the chris matthews show," will the final deal on the fiscal cliff be the grand bargain that puts the debt issue to bed or just enough to get past the cliff? or could the president get big concessions from john boehner and force liberals to sign off a-o a big inteelgtsment change? much more talk the past week about hillary clinton gearing up to run for president. in a new washington post poll, her numbers like like they would give her a quick route to the nomination. and a strong chance to win the white house for a clinton third term. join me and david ignatius, john harris, michele caruso ka fwrar cabrera for a great round table. here's what's coming up on "meet the press." ma,ñ0ót5 behind?n00o thisu this morning i'll go inside negotiations with two lawmakers close to them, dick durbin of illinois and congressman, one of boehner's top advisers. i spent time on capitol hill this week. one question i'm dealing with this morning, what has actually changed since last summer's debt debacle? my sense is we may be closer to a deal than some of all the publicr7ó(w- l
coming up at 10:00 on "the chris matthews show," will the final deal on the fiscal cliff be the grand bargain that puts the debt issue to bed or just enough to get past the cliff? or could the president get big concessions from john boehner and force liberals to sign off a-o a big inteelgtsment change? much more talk the past week about hillary clinton gearing up to run for president. in a new washington post poll, her numbers like like they would give her a quick route to the...
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from "politico" this morning -- that is a little bit from "politico" on that fiscal cliff. david, thank you for holding. caller: yes, good morning. host: what do you think about hillary clinton could go future? caller: i do not think she will run. [indiscernible] we have the man that we need [indiscernible] we are not working. there is no way the government can be supported. host: that was david from georgia them but we are able to bring you some live events to date on c-span. this afternoon, the annual christmas tree lighting. the president will be there. that will be live at 4:30 p.m. eastern time. you will be able to see the lights on the national christmas tree. that is held right in front of the white house just south of the white house. jay on our boat page says -- says -- page scott is an independent from florida. caller: good afternoon, c-span. i am going to say some things you probably do not want to hear but there are the truth about hillary clinton. i think she is very intelligent and on top of her game. when i look back at her career when her husband was preside
from "politico" this morning -- that is a little bit from "politico" on that fiscal cliff. david, thank you for holding. caller: yes, good morning. host: what do you think about hillary clinton could go future? caller: i do not think she will run. [indiscernible] we have the man that we need [indiscernible] we are not working. there is no way the government can be supported. host: that was david from georgia them but we are able to bring you some live events to date on...
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as the house wraps up, boehner briefed reporters on the status of the fiscal cliff talks. this is 10 minutes. >> good morning, everyone. more than five weeks ago republicans signaled our willingness to avert the fiscal cliff with a bipartisan agreement that is truly balanced and begins to solve our spending problems. president still has not made an offer that meets those two standards. republicans have. while the president promised the american people a balanced approach, his proposals have been anything but. he wants far more in tax hikes and spending cuts he'd once new stimulus spending and the ability to raise the debt limit whenever he wants without any cuts for -- or reforms. it is clear the president is not serious about cutting spending. spending is a problem. how big the problem? look at this chuart. this line is the current base line for revenue. here, if the president got everything he wanted, over $1.40 trillion in taxes, this is what that would represent. if you look at the spending problem, you see it does nothing. nothing to stop the spending problem that our
as the house wraps up, boehner briefed reporters on the status of the fiscal cliff talks. this is 10 minutes. >> good morning, everyone. more than five weeks ago republicans signaled our willingness to avert the fiscal cliff with a bipartisan agreement that is truly balanced and begins to solve our spending problems. president still has not made an offer that meets those two standards. republicans have. while the president promised the american people a balanced approach, his proposals...
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tomorrow morning, a program looking at the fiscal cliff and what could happen if the budget cuts set to go in effect take place in january. we will hear from jim doyle on how the fiscal cliff could affect businesses and charles park from the government executive media group. he will look at domestic program cuts. then more and your e-mail, phone calls and tweets. that's on "washington journal" tomorrow morning starting at 7:00. on capitol hill, a house is back in tomorrow. members will consider whether to send negotiators to meet with the senate on defense department programs for next year. off the floor of negotiations continuing over the fiscal clef. that's a combination of tax increases and spending cuts set to begin in january. live coverage of the house tomorrow at 2:00 eastern on c- span. earlier today, the pew center on the states held a discussion about the 2012 election and this upcoming panel focused on voter registration and on-line registration compared to using paper and mail. this is about one hour. the next discussion is a topic near and dear to our heart -- it's our v
tomorrow morning, a program looking at the fiscal cliff and what could happen if the budget cuts set to go in effect take place in january. we will hear from jim doyle on how the fiscal cliff could affect businesses and charles park from the government executive media group. he will look at domestic program cuts. then more and your e-mail, phone calls and tweets. that's on "washington journal" tomorrow morning starting at 7:00. on capitol hill, a house is back in tomorrow. members...
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." >> coming up, just 22 days until the fiscal cliff deadline. most of the work of course going on behind closed doors between speaker boehner and president obama but this morning i'll go inside the negotiations with two lawmakers closest to them. top white house ally in the senate, dick durbin of illinois and congressman kevin mccarthy of california. i spent time on capitol hill this week. the one question i want to know this morning, what has changed since the debt debacle of last summer? the sense is we may be closer to a deal that posturing leads you to believe. we'll talk about that with our political roundtable, as well, with newt gingrich and msnbc's lawrence o'donnell and the 2016 speculation has begun. that's coming up. >> now, your 11 insta-weather plus forecast with ava marie. >> good morning. the time is 9:39, it is 53 degrees downtown. that's a live look from skycam right now, a couple of rain drops still on the camera lens. 50 degrees at b.w.i. marshall where the humidity has dropped to 93%, down from a 100% humidity earlier this mo
." >> coming up, just 22 days until the fiscal cliff deadline. most of the work of course going on behind closed doors between speaker boehner and president obama but this morning i'll go inside the negotiations with two lawmakers closest to them. top white house ally in the senate, dick durbin of illinois and congressman kevin mccarthy of california. i spent time on capitol hill this week. the one question i want to know this morning, what has changed since the debt debacle of last...
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mcconnell: with the fiscal cliff fast approaching, i feel the need to point out something this morning that's perfectly obvious to most americans but which democrats in washington still don't seem to grasp. i'm referring to the fact that any solution to our spending and debt problem has to involve cuts to out-of-control washington spending. i know that might sound obvious to most people but for all the president's talk about the need for a balanced approach, the truth is he and his democratic allies simply refused to be pinned down on any spending cuts. americans overwhelmingly support some level of cuts to government spending as part of a plan to cut the federal deficit. yet, the president will not commit to it. he refuses to lead on the issue. the president seems to think if all he talks about are taxes and that's all reporters write about, somehow the rest of us will magically forget that government spending is completely out of control and that he himself has been insisting on balance. a couple of weeks ago we saw his plan. after four straight trillion-dollar deficits and two years
mcconnell: with the fiscal cliff fast approaching, i feel the need to point out something this morning that's perfectly obvious to most americans but which democrats in washington still don't seem to grasp. i'm referring to the fact that any solution to our spending and debt problem has to involve cuts to out-of-control washington spending. i know that might sound obvious to most people but for all the president's talk about the need for a balanced approach, the truth is he and his democratic...
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host: democrats line and we're looking at the fiscal cliff, go ahead. caller: good morning. i want to know why we keep talking about social security and medicare? why are we not talking about ssi and medicaid? that is where the problem really lies because they have not paid into the program. social security and medicare. if we want to fix the situation, we need to cut to that plus all these charitable contributions. we've got people spending money for christmas so why are we not able to have money in the economy? guest: on the medicare aside -- this is a very important issue were one needs a lot of public a lot -- a lot of public education about the numbers and the reality. the gap between peril taxes paid in and premiums paid into medicare and spending going out his $3 billion per year. that program is a big part of the problem. it is also true of medicaid and ssi, i think they should all be looked at carefully we have sold this section to the american public that they pay a dime into a program, they deserve all the benefits. the gap between what you pay into medicare and w
host: democrats line and we're looking at the fiscal cliff, go ahead. caller: good morning. i want to know why we keep talking about social security and medicare? why are we not talking about ssi and medicaid? that is where the problem really lies because they have not paid into the program. social security and medicare. if we want to fix the situation, we need to cut to that plus all these charitable contributions. we've got people spending money for christmas so why are we not able to have...
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cliff. aides to president obama and speaker boehner met yesterday afternoon, but that meeting ended with no signs of progress. stay with abc7 morning news, 6:30 the opening bell live from the new york stock exchange. 6:45 live to jane king for an update. >>> in a few hours pearl harbor survivors as well as military and coast guard veterans will place a wreath in alameda to mark the 71st anniversary of the japanese attack on the pearl harbor base in hawaii. it will be followed by a 20 within gun salute. more than 2400 americans died when the japanese bombed pearl harbor in a surprise attack december 7th, 1941. the attack helped usher the u.s. into world war ii. 3:45 in afternoon sons and daughters of survivors will attend the 48th annual beacon lighting in honor of pearl harbor day. >>> the iphone is likely coming to t-mobile in the new year, the company says it will add apple products in 2013 the company didn't mention the iphone by name and misses say it is likely the -- >>> san francisco-b
cliff. aides to president obama and speaker boehner met yesterday afternoon, but that meeting ended with no signs of progress. stay with abc7 morning news, 6:30 the opening bell live from the new york stock exchange. 6:45 live to jane king for an update. >>> in a few hours pearl harbor survivors as well as military and coast guard veterans will place a wreath in alameda to mark the 71st anniversary of the japanese attack on the pearl harbor base in hawaii. it will be followed by a 20...
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fiscal cliff still hanging over us. markets, at least, are telling us that we think washington will get its act together, avert the fiscal cliff and like what they see from the jobs report this morning. >> my goodness. that's optimism there. can you talk to me a little more about this job market shrinking and that maybe why the unemployment rate dropped? >> two surveys that the government takes, household survey where they call thos thousands of people at home and ask, are you working? that's the number that gives us the unemployment rate. they also talked to thousands and thousands of companies and they say how many jobs do you have? how many jobs have you added? that's how you get that net job creation number up 146,000. when the government calls people up and they say i'm not working or i've dropped out of the labor market or whatever, you can see just how big the labor market is. we know that there are some, i think, 300,000 some people who have dropped out of the labor market. they've either dropped out. they could
fiscal cliff still hanging over us. markets, at least, are telling us that we think washington will get its act together, avert the fiscal cliff and like what they see from the jobs report this morning. >> my goodness. that's optimism there. can you talk to me a little more about this job market shrinking and that maybe why the unemployment rate dropped? >> two surveys that the government takes, household survey where they call thos thousands of people at home and ask, are you...
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about the fiscal cliff negotiations. host: and here on "washington journal," we are going to continue our look that we've done over the last couple of weeks at the so-called fiscal cliff and its impact on taxes and spending and some other issues. and today we're focusing on the issue of medicare, and our guest is mary agnus carey, senior health care correspondent for the kaiser health care news. mary agnus, just as a reminder for our viewers, how is medicare funded? guest: well, medicare has part a is funded by payroll taxes, gets taken out of their checks. part b and d. part b is your outpatient service and part d is prescription drugs and it's funded by yn revenue. host: is it self-sustaining? does it pay for itself? guest: in the sense general revenues pays for it, its needs are met and then the medicare trustees says the program is funded through 2024 in part because of the reductions in the health care law to providers and here we're talking about the part a trust fund. as we know 50 million people rely on this prog
about the fiscal cliff negotiations. host: and here on "washington journal," we are going to continue our look that we've done over the last couple of weeks at the so-called fiscal cliff and its impact on taxes and spending and some other issues. and today we're focusing on the issue of medicare, and our guest is mary agnus carey, senior health care correspondent for the kaiser health care news. mary agnus, just as a reminder for our viewers, how is medicare funded? guest: well,...
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not a lot of progress on the fiscal cliff. in colorado and washington state, pot is now officially legal. in washington state. so is marriage equality. and lots of trouble for the new president of egypt joe cirincione will be along to let us know what we can expect over there. with the muslim brotherhood not happy with their former colleague, president morsi. so we've got waterfront covered this morning and not only that, we will take your calls and give you a chance to sound off on what all of the issues mean to you and your family. 1-866-55-press. our toll free number. also you can follow us on twitter and we invite you to at bpshow on facebook. facebook.com/billpressshow. join the chat room. to have a continuing conversation about all of the issues of the day with your fellow listeners and viewers around the country. you go to current.com and click on the chat room and are you in to -- join the conversation about all of the issues that we're talking about on the air. good to see you today. we're here with team press as alwa
not a lot of progress on the fiscal cliff. in colorado and washington state, pot is now officially legal. in washington state. so is marriage equality. and lots of trouble for the new president of egypt joe cirincione will be along to let us know what we can expect over there. with the muslim brotherhood not happy with their former colleague, president morsi. so we've got waterfront covered this morning and not only that, we will take your calls and give you a chance to sound off on what all of...
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cheryl: they are leaving town despite the fact we are nowhere close to a deal on the fiscal cliff. what is going on, rich edson? "imus in the morning" rich: house republicans will host the events with small business leaders in their districts and highlight what republicans say will be the economic damage small-business from raising income-tax rates on families earning $250,000 a year. president obama is leaving washington too though he is only heading across the potomac river, going to suburban virginia to speak to a middle-class family and he will press congress to protect those making less than $250,000 a year from tax increases by raising rates on those making more. in washington it is the same fight. >> president obama, democrats in congress have ever been ambiguous, provide economic security for 90% of american families and 97% of small businesses asking the wealthiest 2% to contribute just a little more to stop this runaway debt. >> what the president is really interested in as we learned just yesterday he is getting as much taxpayer money as he can first by raising taxes on
cheryl: they are leaving town despite the fact we are nowhere close to a deal on the fiscal cliff. what is going on, rich edson? "imus in the morning" rich: house republicans will host the events with small business leaders in their districts and highlight what republicans say will be the economic damage small-business from raising income-tax rates on families earning $250,000 a year. president obama is leaving washington too though he is only heading across the potomac river, going...
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fiscal cliff. if you listened to speaker boehner yesterday he is reading reports that the president is trying to slow walk this thing. listen to the speaker. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> there are a lot of things that are possible to put the rev that the president seeks on the table, but nope of it is going to be possible. the president insists on his position. insists on my way or the highway. that's not the way to get to an agreement that i think is important for the american people and very important for our economy. >> there you go. so that's what speaker boehner's office is saying. they had a phone call on thursday. but people wondering if they are not even talking at all anymore. >> he said this is no way to an agreement there should be compromise. if you are elected official you should represent all of the united states and you should compromise and hear both sides. >> i think you should
fiscal cliff. if you listened to speaker boehner yesterday he is reading reports that the president is trying to slow walk this thing. listen to the speaker. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> there are a lot of things that are possible to put the rev that the president seeks on the table, but nope of it is going to be possible. the president insists on his position. insists on my way...
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for a vacation, don't count on it, without getting some sort of fiscal cliff deal together. ayman, you've been tweeting this morning already about some characterizations about the discussions between the speaker and the president in recent days. >> that's right. a republican source told nbc news that the conversation that the president and speaker had on the phone yesterday, lasted for only 15 minutes, and they described it as, quote, tense, unquote. and that may have something to do with the fact that the president lowered his request in his latest proposal to the house republicans from $1.6 trillion in new tax revenues to $1.4 trillion. clearly as you can see here, the republicans don't think that's enough. they want the president to come out publicly now with some specific spending cuts. now, there's some question whether or not behind the scenes the president has offered significant spending cuts. the president says yes, the house republicans say no. they say the democrats have taken so much off the table that all that's left there is the varnish. there's clearly a gloom
for a vacation, don't count on it, without getting some sort of fiscal cliff deal together. ayman, you've been tweeting this morning already about some characterizations about the discussions between the speaker and the president in recent days. >> that's right. a republican source told nbc news that the conversation that the president and speaker had on the phone yesterday, lasted for only 15 minutes, and they described it as, quote, tense, unquote. and that may have something to do with...
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. >> let's talk about the fiscal cliff. also on the radar this morning, after president obama and house speaker john boehner both were tight-lipped how the negotiations went. the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible 35% chance that we'll still go over the cliff and have pure chaos. but i think the chances of getting it done now are better. i think that's what's key. >> be sure to tune in tomorrow for the fiscal cliff coverage live from washington. mission critical, rise above d.c., all day long. becky quick, jim cramer, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much be
. >> let's talk about the fiscal cliff. also on the radar this morning, after president obama and house speaker john boehner both were tight-lipped how the negotiations went. the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible...
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. >> the so the president has made it very, very clear, drawn a line, no fiscal cliff deal without higher tax rates for the highest earningers, tax rates have got to go up. question, what will speaker boehner have to say about that? his reaction will be new at ten this morning. mark stein is going to be here as well and he'll join us to explore that and more. we have an oil and mining deal to tell, but. freeport mcmoran and copper and gold will have exploration and two separate deals for 9 billion in cash and stock. i'm not quite sure what all of that means. just tell me the stock price, nicole. >> it means big moves for these two stocks here. freeport mcmoran is now down over 15%, but when you look at plains exploration and production, a big mover to the upside and that's up 23. stuart: i'm trying to get this. freeport mcmoran, they're the ones that are doing the buying and plains exploration are the people who are being bought. so the people who are being bought go up because they're paying a high price and the people who are paying the money out are going down. have i got that roughly
. >> the so the president has made it very, very clear, drawn a line, no fiscal cliff deal without higher tax rates for the highest earningers, tax rates have got to go up. question, what will speaker boehner have to say about that? his reaction will be new at ten this morning. mark stein is going to be here as well and he'll join us to explore that and more. we have an oil and mining deal to tell, but. freeport mcmoran and copper and gold will have exploration and two separate deals for...
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house speaker john boehner and the latest update on negotiations or lack thereof on the fiscal cliff. let's go to this right now. moments ago on the hill. hear is the speaker. >> morning, everyone. this week we made a good faith offer to avert the fiscal crisis and, that offer included significant spending cuts and reforms, and it included additional revenue and frankly it was the balanced approach that the president's been asking for. now we need a response from the white house. we can't sit here and negotiate with ourselves. our targets and framework are things that we can all agree on. and it's exactly how we approached our discussions in the biden group. my discussions at the white house a year and a half ago. and for that matter, in the joint select commit teach. and if the president doesn't agree with our proposal and our outline i think he has an obligation to send one to the congress and a plan that can pass both chambers of commerce. if you looked at the plans the white house talked about thus far, they couldn't pass either house of the congress. we're ready and eager to talk
house speaker john boehner and the latest update on negotiations or lack thereof on the fiscal cliff. let's go to this right now. moments ago on the hill. hear is the speaker. >> morning, everyone. this week we made a good faith offer to avert the fiscal crisis and, that offer included significant spending cuts and reforms, and it included additional revenue and frankly it was the balanced approach that the president's been asking for. now we need a response from the white house. we can't...
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becausing cnbc because they were broadcasting live about the fiscal cliff. and who do they have live? but grover norquist. isn't he just so yummy. you just want to hit him with a bat -- [ buzzer ] >> stephanie: the "stephanie miller show" does not endorse hitting him in a bat. >> however, if we were to drawn that would be ironic. >> stephanie: there going the norquist! [ applause ] >> stephanie: looky here it is a hate letter from someone named jeff. hey, steph, i don't actually watch your show -- >> then >> stephanie: oh jeff you can watch again in ten minutes -- >> or you would not watch it for another three-hours. >> stephanie: we're incredibly popular thanks to people like you that don't watch but have thoughts about it. hey, steph, i don't actually watch your show it's just that the cable channel has your show sandwiched between two relevant show. kind of like you and lie have your head sandwiched between your two but cheeks. he didn't even spell it wrong. i just wanted to say hi, and asked if you realized how much more productive if you would be if you
becausing cnbc because they were broadcasting live about the fiscal cliff. and who do they have live? but grover norquist. isn't he just so yummy. you just want to hit him with a bat -- [ buzzer ] >> stephanie: the "stephanie miller show" does not endorse hitting him in a bat. >> however, if we were to drawn that would be ironic. >> stephanie: there going the norquist! [ applause ] >> stephanie: looky here it is a hate letter from someone named jeff. hey,...
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time of tension, we're looking at the fiscal cliff, to really use a few minutes to pay a tribute to two wonderful, outstanding senators who will be leaving us at the end of this term that i have served with. wonderful women named senator olympia snowe of maine and senator kay bailey hutchison of texas. dear friends across the other side of the aisle but though they were on the other side of the aisle there was no great divide between us. we have known each other for many years. a -- a few words i'd like to say about my very dear friend, senator olympia snowe. i served with senator snowe both in the house of representatives and then in the united states senate. wow. what an outstanding senator and congressperson she has been. and i know we will continue to see senator snowe in some type of role in public service, because that's just the kind of person she is. she is deeply in her d.n.a. a public servant. senator snowe has served her state of maine and our nation so well. she's one of our most respected members of congress, known for her civility, her sensibility, her mastery of the s
time of tension, we're looking at the fiscal cliff, to really use a few minutes to pay a tribute to two wonderful, outstanding senators who will be leaving us at the end of this term that i have served with. wonderful women named senator olympia snowe of maine and senator kay bailey hutchison of texas. dear friends across the other side of the aisle but though they were on the other side of the aisle there was no great divide between us. we have known each other for many years. a -- a few words...
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in the meantime while fiscal cliff negotiations continue, we hosted a roundtable discussion about the debt talks and domestic program cuts on this morning's "washington journal." can host: isabel sawhim and james capretta. mr. capretta, let me begin with you. are these sequester cuts devastating? guest: they would be deep cuts. 80% cut across the board is a very significant one-time cut for any program to sustain in the immediate year period. so they're not a good idea. would it be the end of the world? no. host: what do you mean by that? guest: there would be a downsizing of a lot of services across the government in terms of domestic accounts. so there would be fewer services being provided. there would be reduce in federal employees. some grant programs would take a haircut of 5%, 10%. so there would be some downsizing of the services that are provided by the federal government. but the economy would go on and the government would go on and the public would still continue to get by and large serviced. host: can agencies manage this? have they in the past? guest: we've managed sques
in the meantime while fiscal cliff negotiations continue, we hosted a roundtable discussion about the debt talks and domestic program cuts on this morning's "washington journal." can host: isabel sawhim and james capretta. mr. capretta, let me begin with you. are these sequester cuts devastating? guest: they would be deep cuts. 80% cut across the board is a very significant one-time cut for any program to sustain in the immediate year period. so they're not a good idea. would it be...
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cliff and the broader economy. we'll start with this morning's other top stories. dan, welcome, great to have you here. >> great to be here. >> we want to find out about a lot of things including the housing market, because i know you have a really good feel for it. >> there's a lot to talk about that's for sure. >> the cliff and some of the stuff happening in michigan as well. >>> netflix received a notice from the s.e.c. regulators warning that they may bring civil action against the company and reed hastings for violating public disclosure rules by posting something on facebook. back on july 3rd the ceo posted and here's the quote netflix monthly viewing exceeded 1 billion hours for the first time ever in june which seems -- he thought that was fairly innocuous, but the s.e.c. says it violates regulation fd which is the public disclosure. you have to make full and fair public disclosure of what would be considered material nonpublic information. and hastings says this is crap. he's dismissing the s.e.c. contenti
cliff and the broader economy. we'll start with this morning's other top stories. dan, welcome, great to have you here. >> great to be here. >> we want to find out about a lot of things including the housing market, because i know you have a really good feel for it. >> there's a lot to talk about that's for sure. >> the cliff and some of the stuff happening in michigan as well. >>> netflix received a notice from the s.e.c. regulators warning that they may bring...
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c-span has part of our website set up specifically for the fiscal cliff. cliff.n.org/fiscal we're also following your tweets. if you write hashtag fiscal cliff in them, we can put them on the air. austin is calling from utah. caller: good morning. mr. david barton -- no, anyway, who used to be the comptroller for the budget office, dave walker was on your program back when and he pointed out something all americans need to understand. when the law was written, all the money that goes into the trust fund and gets invested in treasury bills, and treasury bonds = the united states government borrowing money. that equals we are loaning the united states government money. so all the money that has gone into that trust fund over the years goes into bonds and therefore is access to the united states government to spend. the only thing that is in a trust fund right now is basically iou's from the u.s. government. the only way -- place the interest comes from on the treasury bills is from the u.s. taxpayer pockets. you have this tidal wave of baby boomers that are
c-span has part of our website set up specifically for the fiscal cliff. cliff.n.org/fiscal we're also following your tweets. if you write hashtag fiscal cliff in them, we can put them on the air. austin is calling from utah. caller: good morning. mr. david barton -- no, anyway, who used to be the comptroller for the budget office, dave walker was on your program back when and he pointed out something all americans need to understand. when the law was written, all the money that goes into the...
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as part of the fiscal cliff talks. first up here on overview from a capitol hill reporter on social security. >> here to talk about the prop program and how it is involved in these discussions. steven joining us from the associated press where he's a reporter. thank you for being here. how many people in america receive social security and how much do they get? guest: a little bit more than 56 million people get social security and the average benefit is a little over $12,000 -- let's see, a little over $1,200 a month. so maybe it's like $13,000, $14,000 a year. host: and we're talking about retirees. also, though, the disabled. guest: yes, yes. actually we have a fairly wide group of people get social security benefits. retired workers, spouses, children, disabled workers, widows, widowers. it's actually a fairly big social safety net of people who get social security benefits. host: as you mentioned, about 56 million beneficiaries. those retirees receive about $1,200 a month on average. the benefits for the disabled,
as part of the fiscal cliff talks. first up here on overview from a capitol hill reporter on social security. >> here to talk about the prop program and how it is involved in these discussions. steven joining us from the associated press where he's a reporter. thank you for being here. how many people in america receive social security and how much do they get? guest: a little bit more than 56 million people get social security and the average benefit is a little over $12,000 -- let's...
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fiscal cliff negotiations underway here in washington, d.c. continuing and washington state and colorado celebrating the freedom to smoke pot legally. all of that coming up plus yesterday jim demint from south carolina announced he is resigning from the senate to take over as head of the heritage foundation. >> that's good news for the senate. get rid of that whacko tea partyer but bad news for the heritage foundation, which will now have a reputation as the most extreme of all of of our think tanks welt tell you ideal he is leaving and more. current news update, standing buy in los angeles lease a ferguson. hi, lease a. good morning. >> hey, bi. good morning, everyone. we are awaiting the jobs report this morning out in the next and we are expecting to hear 80,000 jobs created last month. >> that's less than half the jobs we saw in october, but economists are saying don't put too much weight on those numbers. the down turn in growth is likely thanks to hurricane sandy making it near impossible to tell whether hiring is getting better or worse
fiscal cliff negotiations underway here in washington, d.c. continuing and washington state and colorado celebrating the freedom to smoke pot legally. all of that coming up plus yesterday jim demint from south carolina announced he is resigning from the senate to take over as head of the heritage foundation. >> that's good news for the senate. get rid of that whacko tea partyer but bad news for the heritage foundation, which will now have a reputation as the most extreme of all of of our...
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with the fiscal cliff looming, how will it affect holiday shopping? that story coming up. >> and the radar looks messy right now, heavier rain showers coming in from northern virginia. details in the insta-weather plus forecast. >> trackidy hits the dallas cowboys one day before they're scheduled to play the bengals. the latest on the arrest of one player and death of another. >> you're watching wbal-tv 11, live, local, late breaking. [captioning made possible by constellation energy group] >> good morning and welcome to 11 news sunday morning, i'm franciotti. lisa has the day off. >> i'm kerry cavanaugh. first, a look outside with ava and it was soupy today. >> like pea soup. it's a mess out there. we basically have all this fog we have to deal with, showers, as well, to watch for. earlier this morning, low visibility because of the dense fog from baltimore county to st. mary's county and eastbound, the lower eastern shore and delaware, as well. if you look at the radar, you can see showers across baltimore city moving up 95 into white marsh into edg
with the fiscal cliff looming, how will it affect holiday shopping? that story coming up. >> and the radar looks messy right now, heavier rain showers coming in from northern virginia. details in the insta-weather plus forecast. >> trackidy hits the dallas cowboys one day before they're scheduled to play the bengals. the latest on the arrest of one player and death of another. >> you're watching wbal-tv 11, live, local, late breaking. [captioning made possible by constellation...
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Dec 13, 2012
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i know we're being told we are at the edge of a fiscal cliff. we did not arrive there by not paying enough taxes. the federal government spends insane amounts of money and even by reducing us all to serfs, the taxes will not cover the spending. well said. here's jerry from lamar. she said, please stop spending our money. walk away from the table if they're not willing to stop wasting our hard-earned money. reform the entitlements and lower the taxes. nothing else in my opinion is acceptable. do not go back to the clinton era. that administration led use in a recession and do not raise the inheritance tax. and then listen to this, she said, i am from a family of farmers. that will kill our family and many others and make it impossible to keep farms that have been in our family for generations. that is the most unfair tax there is. this country will not survive more blows to small business and the middle class. stop the insanity and stop it soon. and finally from patrigsa in jefferson city, she said, i want to voice my opinion on what's happening
i know we're being told we are at the edge of a fiscal cliff. we did not arrive there by not paying enough taxes. the federal government spends insane amounts of money and even by reducing us all to serfs, the taxes will not cover the spending. well said. here's jerry from lamar. she said, please stop spending our money. walk away from the table if they're not willing to stop wasting our hard-earned money. reform the entitlements and lower the taxes. nothing else in my opinion is acceptable. do...
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Dec 5, 2012
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cliff. the group is urging congress to take immediate action to avoid those automatic tax increases and spending cuts come january. president obama is saying that with the way speaker boehner plan stands now, no deal. >> unfortunately the speaker's proposal is out of balance. we will have to see the rates on the top 2% go up and we are not going to be able to get a deal without it. >> that was an exclusive with bloomberg t.v. and the first televised interview since the president's re-election. as you heard, taxes are the big issue blocking this deal from taking place. president obama is calling for downhill the amount of tax revenue as speaker boehner over the next tens years, most from the nation's top earners. many. republicans say that's not the way to handle this. here is marco rubio. >> it wouldn'ting make a small bent in the debt but it would heard middle class businesses. >> the g.o.p. could be risking a civil war over this issue. it does not look like obama is ready to cave. if that
cliff. the group is urging congress to take immediate action to avoid those automatic tax increases and spending cuts come january. president obama is saying that with the way speaker boehner plan stands now, no deal. >> unfortunately the speaker's proposal is out of balance. we will have to see the rates on the top 2% go up and we are not going to be able to get a deal without it. >> that was an exclusive with bloomberg t.v. and the first televised interview since the president's...
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. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house is has wasted another week. >> reporter: this morning in his weekly address, president obama is holding a hard line on raising rates for the wealthy. >> and if we're serious about protecting middle-class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> reporter: but how much higher could be the key. the top tax rate is set to rise from 35% to 39.6% on january 1st. when asked if a middle ground could be found, both boehner and biden showed some wiggle room. >> the top brackets have to go up. it's not a negotiable issue. theoretically we can negotiate how far up. >> reporter: at another local restaurant, the owner has seen enough of washington gridlock. >> i wish those lawmakers would get their [ bleep ] together and get it done and try to help everybody. it would be good if they could do it before the holidays are over. >> reporter: craig, as someone who spent some time in river city he
. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house is has wasted another week. >> reporter: this morning in his weekly address, president obama is holding a hard line on raising rates for the wealthy. >> and if we're serious about protecting middle-class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> reporter: but how...
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now" -- fiscal fiasco. the fight over taxes and political power in washington as the fiscliff >>> this morning on "world news now" -- fiscal fiasco. the fight over taxes and political power in washington as the fiscal cliff looms and fears of a recession close in. >> the latest negotiations and nasty exchanges in a battle over everyone's money. it is wednesday, december 5th. >> announcer: from abc new, this is "world news now." >>> good hump day, everybody. wednesday morning. i'm rob nelson. >> and i'm paula faris. >>> we're going to update you on the big fiscal fight in our top story from washington. and from one capital to another, the political uproar in egypt. how cairo police are taking action as thousand of protesters hit streets in outrage. an all-too-familiar scene. >> most protesters say it seems like they traded one dictator for another. >> for another. >>> hard to believe it is. they're part of a growing group of so-called preppers getting ready, as you can see, for the very, very worst. normal e
now" -- fiscal fiasco. the fight over taxes and political power in washington as the fiscliff >>> this morning on "world news now" -- fiscal fiasco. the fight over taxes and political power in washington as the fiscal cliff looms and fears of a recession close in. >> the latest negotiations and nasty exchanges in a battle over everyone's money. it is wednesday, december 5th. >> announcer: from abc new, this is "world news now." >>> good...
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cliff. it is not -- it's not good enough we told him -- for him to say that he would like to get this behind us. >> stephanie: he went on to say -- the senator for millions of michigan workers this is no ordinary debate. it is an assault to have their bagger aging assault their pay and to have all benefit from such negotiations share in some way in the cost of obtaining them. that's exactly what it is. it is to weaken unions. they keep talking about the 47% of us, the moochers. this is letting people freeload by withholding -- you know, they don't have to pay and they get the same benefits. how is that not -- being a taker! >> that is a taker. >> stephanie: okay. carol in michigan. you're on "the stephanie miller show." hi carol. >> caller: hi. i'm doing fine. i love your show. you guys are truly inspirational. i'm so glad you're on. >> stephanie: thank you. >> caller: yeah, hey, i have a couple of points to make. earlier, there was a comment made by a right wing guy who said that car compan
cliff. it is not -- it's not good enough we told him -- for him to say that he would like to get this behind us. >> stephanie: he went on to say -- the senator for millions of michigan workers this is no ordinary debate. it is an assault to have their bagger aging assault their pay and to have all benefit from such negotiations share in some way in the cost of obtaining them. that's exactly what it is. it is to weaken unions. they keep talking about the 47% of us, the moochers. this is...